22 Jan 2020

Dairy prices rise in latest auction

7:53 am on 22 January 2020

Prices have risen in the global dairy auction overnight.

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Photo: RNZ / Susan Murray

The average price at the overnight auction rose 1.7 percent to $US3434 a tonne.

It follows the 2.8 percent gain in the previous auction a couple of weeks ago.

Most of the products offered climbed in price, notably butter

The price of wholemilk powder, which strongly influences the payouts for local farmers, rose 2.4 percent to $US3233 a tonne.

Volumes sold were marginally higher.